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PV retail sales down 59% in May as Covid disruptions impact offtakes: FADA – Times of India

NEW DELHI: Passenger vehicle (PV) retail sales in May witnessed a decline of 59 per cent to 85,733 units as compared to April as Covid-19 related disruptions across states hit offtakes, automobile dealers’ body FADA said on Thursday.
According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,294 out of the 1,497 regional transport offices (RTOs), PV sales stood at 2,08,883 units in April this year.
Two-wheeler sales also declined 53 per cent to 4,10,757 units last month, as compared to 8,65,134 units in April.
Similarly, commercial vehicle sales also declined 66 per cent to 17,534 units last month, as against 51,436 units in April.
Three -wheeler sales saw a decline of 76 per cent to 5,215 units last month, from 21,636 units in April this year.
Tractor sales also witnessed a drop of 57 per cent to 16,616 units last month, against 38,285 units in April.
Total registrations across categories declined by 55 per cent to 5,35,855 units last month compared to 11,85,374 units in April.
“The second wave of Covid has left the entire country devastated as there may not be a single household which did not get affected. Apart from urban markets, this time, even rural areas were badly hit. May saw continued lockdown in most of the states,” FADA president Vinkesh Gulati noted.

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